Can I retire at age 75 with 586,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $586,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$48,391$47,960$47,540$47,129$46,728$46,318
2 years$23,956$23,510$23,078$22,658$22,252$21,838
3 years$15,812$15,364$14,933$14,517$14,117$13,713
4 years$11,741$11,294$10,867$10,459$10,069$9,677
5 years$9,299$8,855$8,433$8,033$7,654$7,276
6 years$7,671$7,231$6,815$6,424$6,056$5,693
7 years$6,509$6,072$5,664$5,282$4,925$4,577
8 years$5,638$5,205$4,803$4,431$4,086$3,752
9 years$4,961$4,532$4,137$3,774$3,441$3,121
10 years$4,419$3,995$3,607$3,253$2,932$2,627
11 years$3,977$3,556$3,175$2,831$2,522$2,230
12 years$3,608$3,192$2,818$2,483$2,185$1,908
13 years$3,296$2,885$2,518$2,193$1,906$1,641
14 years$3,029$2,622$2,262$1,946$1,670$1,419
15 years$2,798$2,395$2,042$1,736$1,471$1,232
16 years$2,596$2,198$1,852$1,554$1,300$1,074
17 years$2,418$2,024$1,685$1,396$1,153$939
18 years$2,260$1,870$1,538$1,258$1,025$822
19 years$2,119$1,733$1,408$1,137$913$722
20 years$1,992$1,611$1,292$1,030$816$635
21 years$1,877$1,500$1,189$935$730$560
22 years$1,773$1,400$1,096$850$654$494
23 years$1,678$1,310$1,012$774$587$437
24 years$1,591$1,227$936$706$528$386
25 years$1,511$1,152$866$645$475$342
26 years$1,437$1,082$804$589$428$303
27 years$1,369$1,019$746$540$386$269
28 years$1,306$960$694$494$348$239
29 years$1,247$905$646$453$314$212
30 years$1,193$855$601$416$284$188
31 years$1,142$808$561$382$257$167
32 years$1,094$765$523$351$232$149
33 years$1,049$724$488$323$210$132
34 years$1,007$687$456$297$190$118
35 years$968$651$427$274$172$105
36 years$931$618$399$252$156$93
37 years$896$587$374$232$142$83
38 years$862$558$350$214$128$74
39 years$831$530$328$197$116$66
40 years$801$505$307$182$106$59
41 years$773$480$288$168$96$52
42 years$746$458$270$155$87$47
43 years$721$436$254$143$79$42
44 years$696$416$238$132$72$37
45 years$673$396$223$122$65$33
46 years$651$378$210$113$59$29
47 years$630$361$197$104$54$26
48 years$610$344$185$96$49$23
49 years$591$329$174$89$44$21
50 years$572$314$164$82$40$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $586,000, adding $6,859 every year, while hoping to spend $38,735 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 71/20/9 Blend
74$586,000$586,000$586,000$586,000
75$652,847$621,789$612,706$697,640
76$678,224$611,043$592,018$717,432
77$704,891$598,472$569,339$733,660
78$732,938$583,946$544,560$750,367
79$762,466$567,327$517,571$767,591
80$793,580$548,469$488,252$785,373
81$826,398$527,217$456,482$803,762
82$861,048$503,408$422,131$822,812
83$897,668$476,868$385,066$842,582
84$936,410$447,415$345,146$863,140
85$977,441$414,855$302,224$884,561
86$1,020,940$378,983$256,149$906,930
87$1,067,106$339,583$206,760$930,342
88$1,116,154$296,426$153,890$954,903
89$1,168,323$249,272$97,366$980,730
90$1,223,869$197,863$37,005$1,007,956
91$1,283,077$141,932$0$1,036,729
92$1,346,257$81,193$0$1,069,846
93$1,413,749$15,345$0$1,108,821
94$1,485,925$0$0$1,150,323
95$1,563,195$0$0$1,206,910
96$1,646,006$0$0$1,271,194
97$1,734,849$0$0$1,340,181
98$1,830,265$0$0$1,414,295
99$1,932,845$0$0$1,493,996
100$2,043,238$0$0$1,579,794